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Emerging risks | Growth Opportunities | APAC Insurance

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Monday, August 24, 2026

FSS

korean-insurers-overseas-businesses-rebound-to-profit-in-2024
Korean insurers' overseas businesses rebound to profit in 2024
May 7 2025
The turnaround was driven mainly by stronger non-life insurance results and improved performance in the United States.
korean-guarantee-insurance-payouts-rise-as-economy-falters-report
Korea’s revised capital rules to ease burden, improve capital quality says Fitch
April 1 2025
Immediate effects may be limited, but insurers are expected to adjust strategies over time to sustain earnings and manage capital costs, says Fitch.
south-korea-identifies-krw1-15-trillion-in-insurance-fraud-cases-in-2024
South Korea identifies US$790m in insurance fraud cases in 2024
March 11 2025
The FSS plans stricter oversight, awareness campaigns, and collaboration with authorities to combat evolving fraud schemes.
koreas-fss-uncovers-broker-led-insurance-fraud-ring
Korean regulator unearths broker-led insurance fraud ring
May 30 2024
Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.
korean-insurers-profits-soar-45-5-in-first-year-under-ifrs-17
Deferred acquisition costs under IFRS 17 see Korean insurers' profits soar 45.5%
March 27 2024
Industry sees 6% fall in overall premium income, but life insurers' net profits rise 37.6% and non-life's soar 50.9%, in first year under IFRS 17.
korean-regulator-issues-ifrs-17-guidance-after-q1-results-1
Korean regulator issues IFRS 17 guidance after Q1 results
June 26 2023
Non-life insurers’ sale of long-dated products distorted first set of results under the new standard.
Photo of man reading financial statements. Logos of Samsung Life and FSS in top left and top right.
FSS issues administrative warning to Samsung Life Insurance
April 27 2023
Following its designation as a financial conglomerate last year, Samsung Life is facing increased responsibility
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